We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Bitcoin
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: -0.05% 🇯🇵JPY: -0.10% 🇨🇦CAD: -0.10% 🇪🇺EUR: -0.17% 🇨🇭CHF: -0.19% 🇳🇿NZD: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/arLwVeemLR
  • POTUS on US economy and markets ahead of ECONY speech today ~17:00 GMT, expected to discuss trade and China tariffs https://t.co/I53mteo3vX
  • RT @MarketWatch: Treasury yields inch higher ahead of Trump speech https://t.co/cKBZVynjd9
  • Geopolitical developments send #oil prices soaring or falling. Get your market update from @MartinSEssex here:https://t.co/XVXLyG8vjq #OOTT https://t.co/0l2DckBD24
  • RT @LiveSquawk: Chinese Premier Li: Will More Effectively Use Counter Cyclical Measures
  • Spanish Socialists have reached preliminary agreement with far-left Podemos, according to sources
  • High potential for big moves in the Kiwi this week surrounding the upcoming #RBNZ rate decision. Join my colleague @ddubrovskyFX for free live webinar coverage of the @ReserveBankofNZ's latest monetary policy update and market's subsequent reaction. Register at the link below: https://t.co/ZzhufKK1KI
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/TfytlyACmr
  • The Race to the Bottom https://t.co/KhamkH6x33
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.50%, while traders in France 40 are at opposite extremes with 81.89%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/MSLRIRJtQh
German DAX May Stick to Tight Trading Range

German DAX May Stick to Tight Trading Range

2016-04-07 15:40:00
David Rodriguez, Head of Business Development
Share:
German DAX May Stick to Tight Trading Range

Why and how do we use the SSI in trading? View our video and download the free indicator here

German DAX– Retail traders have once again turned net-long the GER30, which tracks the German DAX, and a contrarian view of crowd sentiment points to further DAX declines. This stands in notable contrast with just last week when the opposite was true—our indicator pointed to DAX strength.

Suffice it to say, choppy and range-bound price action makes it difficult to stick with a lasting trading bias. And indeed our data suggests that retail traders may outperform in low-volatility markets. Current retail sentiment suggests German stocks will continue lower, but we would need a notable shift in market conditions to call for meaningful price breakdown.

See next currency section: S&P - S&P 500 in a Precarious Position – What to Watch

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via Twitter at http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.